MENA: Chocolate Market 2024

Chocolate Market Size in MENA

The MENA's chocolate market declined rapidly to $X in 2022, waning by X% against the previous year. In general, consumption saw a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Chocolate Production in MENA

In value terms, chocolate production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Chocolate Exports

Exports in MENA

In 2022, after two years of decline, there was significant growth in shipments abroad of chocolate and other food preparations containing cocoa, when their volume increased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, chocolate exports surged to $X in 2022. Overall, exports, however, saw a mild curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) represented the main exporter of chocolate and other food preparations containing cocoa, creating X% of total exports. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons) and Jordan (X tons), together generating a X% share of total exports. Oman (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Jordan (X%), Saudi Arabia (X%) and Oman (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Saudi Arabia (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Jordan and Oman lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Chocolate Imports

Imports in MENA

In 2022, imports of chocolate and other food preparations containing cocoa in MENA declined modestly to X tons, standing approx. at 2021 figures. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chocolate imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Saudi Arabia represented the major importing country with an import of around X tons, which finished at X% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Turkey (X tons) and Oman (X tons). All these countries together took near X% share of total imports. Iraq (X tons), Israel (X tons), Kuwait (X tons), Qatar (X tons), Egypt (X tons), Morocco (X tons) and Algeria (X tons) followed a long way behind the leaders.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Oman (X%), Morocco (X%), the United Arab Emirates (X%), Israel (X%), Turkey (X%), Kuwait (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Oman, Turkey, Morocco and Israel increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported chocolate and other food preparations containing cocoa in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a slight contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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